The States of Jersey has donated quarter of a million pounds to an international financial crime service. This makes it a core donor nation to the International Centre for Asset Recovery.
The organisation helped Jersey with the repatriation of assets and has also identified opportunities for Jersey to share its experience in combatting money laundering int he international arena.
The £250,000 contribution to the work of ICAR gives Jersey donor nation status for three years. The money does not come from general taxation but from the Criminal Offences Confiscation Fund.
ICAR operates in a number of countries to fight financial crime, including by building capacity in developing nations and training anti-corruption officers.
Gretta Fenner, Managing Director of Basel Institute on Governance said: “The successful recovery of stolen assets in international corruption and money laundering cases depends on the active cooperation of all concerned jurisdictions.”